US EditionTrump cuts fentanyl tariffs on China to 10%, says U.S. has reached rare earths deal with Beijing
Trump and Xi agreed to reduce U.S. tariffs on Chinese goods from 57% to 47% and allow a one-year pause on rare earth export restrictions to ease trade tensions.
- The President announced a reduction in fentanyl tariffs from 20% to 10% during a briefing aboard Air Force One.
- The U.S. and China have reached an agreement on rare earths and critical minerals, according to Trump.
- China has committed to enhancing measures against fentanyl trafficking and resuming imports of U.S. agricultural goods, as stated by Trump.
- Xi emphasized cooperation by saying that China and the U.S. should be partners and friends, highlighting mutual benefit.
603 Articles
603 Articles
Trump to reduce tariffs on Chinese imports
A trade agreement between President Donald Trump and Chinese President Xi Jinping includes a reduction of tariffs on Chinese imports. The US will cut tariffs by 10% in exchange for China taking “strong action” on chemicals used in the manufacture of fentanyl, according to a report by The Wall Street Journal (WSJ). The 10% cut in tariffs will make tariffs on Chinese imports 47%. “The move signals a slight de-escalation in the trade conflict and…
China Forces U.S. to Partially Retreat in Trade War
King Don says hos meeting with Chinese President Xi Jinping was “amazing“. The only thing amazing about Thursday’s meeting is that anyone would characterize a retreat to the status quo ante September as a “roaring success”. The United States and China are rolling back some but not all of this year’s tariffs. China has put off further clamping down on rare-earth exports for a year, but China appears to be keeping in place restrictions on rare-ear…
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North Platte Nebraska's NewspaperTrump cuts tariffs after meeting with Xi
TRADE
The Trump-Xi Meeting Was a Win for China
A critic of the returning Lord Macartney delegation from Britain to China in 1793 aptly noted that they had been treated with ceremony, entertained royally, and flattered in excess by Qianlong Emperor—and yet returned empty handed. This must rank as one of the earliest examples of the travails of seeking to do business with China. [time-brightcove not-tgx=”true”] On Thursday, President Donald Trump did not quite return empty-handed following a …
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